Assenagon Asset Management S.A. Trims Stock Position in Allison Transmission Holdings, Inc. $ALSN

Assenagon Asset Management S.A. trimmed its stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,969 shares of the auto parts company’s stock after selling 15,901 shares during the quarter. Assenagon Asset Management S.A. owned about 0.23% of Allison Transmission worth $18,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Allison Transmission by 3.9% during the fourth quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company’s stock worth $344,000 after purchasing an additional 132 shares during the last quarter. M&T Bank Corp grew its holdings in Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in Allison Transmission by 0.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company’s stock valued at $2,840,000 after purchasing an additional 142 shares during the last quarter. Rossby Financial LCC increased its position in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Allison Transmission by 0.6% in the third quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock valued at $2,412,000 after buying an additional 156 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Stock Down 2.2%

ALSN opened at $116.31 on Friday. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The firm has a market cap of $9.63 billion, a P/E ratio of 15.87, a PEG ratio of 0.78 and a beta of 0.96. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $128.85. The business’s fifty day simple moving average is $115.62 and its 200 day simple moving average is $98.64.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were issued a $0.29 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s payout ratio is currently 15.83%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Morgan Stanley raised their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Oppenheimer lifted their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company increased their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.00.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares in the company, valued at $2,019,617.60. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the sale, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.